Zomato Shares Surge: Zomato Witnessed Positive Trading Session Today

Zomato stock showcased a favorable trend, opening at Rs. 224.80 and closing at Rs. 230.25 on the most recent trading day. The highest intraday value recorded was Rs. 227.80, while the lowest was Rs. 220.25.

In addition, with a market capitalization of ₹214,816.80 crore, Zomato's shares saw a trading volume of 1,200,430 on the BSE. The stock has a 52-week high of ₹304.50 and a low of ₹144.30, reflecting considerable volatility over the last year.

Based on technical analysis, Zomato shares exhibit a bullish trend in the short term, whereas the long-term trend is bearish.

The trend in analyst recommendations is depicted below, with the current rating being a buy.

• The median target price is ₹300.0, which is 32.92% above the current market price.
• The lowest estimated target price among analysts is ₹130.0, while the highest is ₹400.0.

At present, Zomato's market price witnessed a good rise of 3.11% of 225.80 on a daily time scale, indicating upward momentum; however, traders should be vigilant for potential reversals.